Interesting. Wonder how far out you have thought on this idea?
A few questions that come to mind:
1) Will old Sears and all its subsidiaries be separate LLCs?
2) Will each LLC (except SHLDQ) issue new stock?
3) Will SHLDQ stock be "transferred" to one of the new LLCs? (Can't actually be "transferred". Would first have to be cancelled and then new shares would have to be registered and then issued to the previous shareholders of SHLDQ common stock.)
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